Thursday, March 01, 2007
Sector Spotlight: Semiconductors
Talk about volatile!
I nearly shit the chair when I saw how fast the market was spiraling, early this morning. Since then, the market has staged a very impressive rally. Naturally, I am suspect of a quick recovery. Moreover, I do not think it is plausible to see the market up today. I know many feel "this is it" or "buy now, this bitch is going higher." I can't get too excited, considering the sentiment shift.
However, I will admit, the Semi's are doing better than I expected, only down .8%. With that being said, the skeptical and evil side of my personality feels this bounce represents an ideal shorting opportunity.
Aside from the Semi's, AAPL is strong, due to a Lehman upgrade. Also, it has been reported, Carl "the fucking man" Icahn is buying 2 billion worth of MOT stock. Hence, MOT is strong.
In short, I have more than enough longs to participate in a market rebound. My shorts are a hedge-- and intended to slow down my beta.
Good luck trading, fuckers. You will need it.
I nearly shit the chair when I saw how fast the market was spiraling, early this morning. Since then, the market has staged a very impressive rally. Naturally, I am suspect of a quick recovery. Moreover, I do not think it is plausible to see the market up today. I know many feel "this is it" or "buy now, this bitch is going higher." I can't get too excited, considering the sentiment shift.
However, I will admit, the Semi's are doing better than I expected, only down .8%. With that being said, the skeptical and evil side of my personality feels this bounce represents an ideal shorting opportunity.
Aside from the Semi's, AAPL is strong, due to a Lehman upgrade. Also, it has been reported, Carl "the fucking man" Icahn is buying 2 billion worth of MOT stock. Hence, MOT is strong.
In short, I have more than enough longs to participate in a market rebound. My shorts are a hedge-- and intended to slow down my beta.
Good luck trading, fuckers. You will need it.
Comments:
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i love the smell of napalm in the morning. this is a great trading market. the sheep run one way, the wolf howls, then they run another.
Napalm?
You are an old Vietnam fucker, aren't you.
I enjoy the smell of depleted uranium in the morning. It goes well with my morning cup of Monster.
You are an old Vietnam fucker, aren't you.
I enjoy the smell of depleted uranium in the morning. It goes well with my morning cup of Monster.
I will never turn on the CNBC sound again. They are all crazy and nuts. I should have gotten a job like those guys out of college. Make money and just tell people what the markets are going to do based on what they just did. Most look through the rear view mirror. Last week they said we are going up in a bull market. You can make money just by doing the opposite of what most of those clowns predict.
I believe that BWLD is one of the best stocks out there. Its certainly my favorite and I have raised my target to $78. Believe that it is going to be a hell of a play this year and is very strong in this down market.
# posted by 
: 11:15 AM
: 11:15 AM
i'm up 2+% today, and if aapl hadn't pissed on my leg it would be better. i got stopped out of that bitch at a loss. just picked up some roiak at <$7.00.
I'm buying cash flow positive semis for 2x balance sheet cash. I'd like to send the fucktarded sellers a thank you note for the gift.
Anyone here think the downside is over? I keep hearing that the early tanking was the end of the dirty turd selling and reallocation. What do you guys think? The banks and brokers are recovering.
# posted by : 11:58 AM
: 11:58 AM
I feel the shoe has yet to drop.
Buying into this rally is equal to facing my analyst in a "punchout" contest.
Buying into this rally is equal to facing my analyst in a "punchout" contest.
I agree with Fly and think it may take a considerable amount of time for this mess to unwind itself.
CNBC, continues to say they don't think this is the bottom. Fly, since when do you agree with CNBC??
I think we've seen the bulk of the selling and will bounce to pre-tuesday's levels by the end of the month.
If we can go higher then that, remains to be seen.
Panic selling and huge sundden drops based on fear are good buying opportunites. If we start seeing a slow, gradual decline then we may have something to worry about, right now though I'm selling QID and buying some NYX, DBRN, BBY, GOOG and some others.
If we can go higher then that, remains to be seen.
Panic selling and huge sundden drops based on fear are good buying opportunites. If we start seeing a slow, gradual decline then we may have something to worry about, right now though I'm selling QID and buying some NYX, DBRN, BBY, GOOG and some others.
Great, all the mkt needs now is for Hilary to chime in with her 2 cents on the mkt! CNBC let's any rube speak their mind.
Retail stocks performed well the last six months. That trade is over. Same with basic materials. That sector is up 25% in the past year. They're a source of funds.
The homebuilders are down 15%-20% in the past month. Although I think we're a long way from the housing bust being over, the builder stocks bounced powerfully this a.m. They're done going down and can now be owned. And as I mentioned, select semis are extremely attractively valued.
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The homebuilders are down 15%-20% in the past month. Although I think we're a long way from the housing bust being over, the builder stocks bounced powerfully this a.m. They're done going down and can now be owned. And as I mentioned, select semis are extremely attractively valued.
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